Loans Held for Investment (Tables)

6 Months Ended

Jun. 30, 2026

Loans and Leases Receivable Disclosure [Abstract]

Schedule of Components of Loans

The components of loans were as follows at June 30, 2026 and December 31, 2025:


		June 30, 2026				December 31, 2025

Residential mortgage loans (1-4 family):
Fixed		$	92,797			$	93,595
Variable			124,660				137,148
Construction			17,624				38,058
Total residential mortgage loans			235,081				268,801
Commercial loans:
Real estate			273,058				248,744
Other			96,338				92,199
Total commercial loans			369,396				340,943
Consumer loans:
Home equity			112,807				112,404
Other consumer			29,309				22,787
Total consumer loans			142,116				135,191
Total loans held for investment			746,593				744,935
Less:
Undisbursed portion of mortgage loans			(152	)			(145	)
Net deferred loan costs (fees)			(918	)			(834	)
Allowance for credit losses			(6,814	)			(6,289	)
Total loans held for investment, net		$	738,709			$	737,667

Summary of Investment in Loans by Credit Quality Indicators by Year of Origin

Loans with a risk rating of 1 through 6 are classified as “Pass” rated credits in the following tables. Nonrated loans are also classified as “Pass.” The following table presents the Company's recorded investment in loans by credit quality indicators by year of origin as of June 30, 2026 and gross charge-offs for the six months ended June 30, 2026.


		Term Loans
1-4 Family Residential		2026				2025				2024				2023				2022				Prior				Revolving Lines				Total
Pass		$	6,582			$	7,340			$	13,818			$	52,266			$	50,702			$	74,898			$	—			$	205,606
Special Mention			—				—				—				—				249				68				—				317
Substandard			—				539				145				5,164				3,113				2,573				—				11,534
Doubtful			—				—				—				—				—				—				—				—
Total		$	6,582			$	7,879			$	13,963			$	57,430			$	54,064			$	77,539			$	—			$	217,457

Residential Construction		2026				2025				2024				2023				2022				Prior				Revolving				Total
Pass		$	2,437			$	11,618			$	3,021			$	510			$	—			$	—			$	—			$	17,586
Special Mention			—				38				—				—				—				—				—				38
Substandard			—				—				—				—				—				—				—				—
Doubtful			—				—				—				—				—				—				—				—
Total		$	2,437			$	11,656			$	3,021			$	510			$	—			$	—			$	—			$	17,624

Commercial Real Estate		2026				2025				2024				2023				2022				Prior				Revolving				Total
Pass			39,186				44,823				46,351				26,805				35,579				78,388				—			$	271,132
Special Mention			—				—				—				—				—				—				—				—
Substandard			233				789				478				—				—				426				—				1,926
Doubtful			—				—				—				—				—				—				—				—
Total		$	39,419			$	45,612			$	46,829			$	26,805			$	35,579			$	78,814			$	—			$	273,058

Other Commercial		2026				2025				2024				2023				2022				Prior				Revolving				Total
Pass		$	27,364			$	2,054			$	18,957			$	2,629			$	3,700			$	15,519			$	22,550			$	92,773
Special Mention			54				40				27				26				43				1,693				—				1,883
Substandard			33				54				—				103				1,053				22				244				1,509
Doubtful			—				24				—				74				—				—				75				173
Total		$	27,451			$	2,172			$	18,984			$	2,832			$	4,796			$	17,234			$	22,869			$	96,338

Home Equity		2026				2025				2024				2023				2022				Prior				Revolving				Total
Pass		$	777			$	2,138			$	3,591			$	5,703			$	1,054			$	592			$	97,470			$	111,325
Special Mention			—				153				—				—				—				—				—				153
Substandard			—				134				—				—				—				2				1,193				1,329
Doubtful			—				—				—				—				—				—				—				—
Total		$	777			$	2,425			$	3,591			$	5,703			$	1,054			$	594			$	98,663			$	112,807

Other Consumer		2026				2025				2024				2023				2022				Prior				Revolving				Total
Pass		$	13,499			$	5,144			$	3,069			$	3,231			$	1,129			$	384			$	2,813			$	29,269
Special Mention			—				25				—				—				—				—				—				25
Substandard			—				—				8				—				—				—				7				15
Doubtful			—				—				—				—				—				—				—				—
Total		$	13,499			$	5,169			$	3,077			$	3,231			$	1,129			$	384			$	2,820			$	29,309

All Loans		2026				2025				2024				2023				2022				Prior				Revolving				Total
Pass		$	89,845			$	73,117			$	88,807			$	91,144			$	92,164			$	169,781			$	122,833			$	727,691
Special Mention			54				256				27				26				292				1,761				—				2,416
Substandard			266				1,516				631				5,267				4,166				3,023				1,444				16,313
Doubtful			—				24				—				74				—				—				75				173
Total Loans		$	90,165			$	74,913			$	89,465			$	96,511			$	96,622			$	174,565			$	124,352			$	746,593
Gross charge-offs		$	—			$	—			$	304			$	74			$	184			$	25			$	446			$	1,033

The following table presents the Company's recorded investment in loans by credit quality indicators by year of origin as of December 31, 2025 and gross charge-offs for the year ended December 31, 2025.


		Term Loans
1-4 Family Residential		2025				2024				2023				2022				2021				Prior				Revolving Lines				Total
Pass		$	6,660			$	15,559			$	55,859			$	57,454			$	24,825			$	57,911			$	—			$	218,268
Special Mention			—				—				—				252				—				74				—				326
Substandard			209				149				5,060				2,918				1,276				2,537				—				12,149
Doubtful			—				—				—				—				—				—				—				—
Total		$	6,869			$	15,708			$	60,919			$	60,624			$	26,101			$	60,522			$	—			$	230,743

Residential Construction		2025				2024				2023				2022				2021				Prior				Revolving				Total
Pass		$	23,340			$	13,714			$	1,004			$	—			$	—			$	—			$	—			$	38,058
Special Mention			—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—				—
Doubtful			—				—				—				—				—				—				—				—
Total		$	23,340			$	13,714			$	1,004			$	—			$	—			$	—			$	—			$	38,058

Commercial Real Estate		2025				2024				2023				2022				2021				Prior				Revolving				Total
Pass		$	30,067			$	55,678			$	37,019			$	36,848			$	10,683			$	76,108			$	—			$	246,403
Special Mention			75				—				—				—				—				212				—				287
Substandard			—				1,620				—				—				—				434				—				2,054
Doubtful			—				—				—				—				—				—				—				—
Total		$	30,142			$	57,298			$	37,019			$	36,848			$	10,683			$	76,754			$	—			$	248,744

Other Commercial		2025				2024				2023				2022				2021				Prior				Revolving				Total
Pass		$	19,115			$	19,523			$	3,169			$	3,849			$	7,310			$	9,628			$	24,304			$	86,898
Special Mention			43				32				—				57				38				238				354				762
Substandard			—				—				170				1,857				90				1,342				638				4,097
Doubtful			25				308				—				—				—				—				109				442
Total		$	19,183			$	19,863			$	3,339			$	5,763			$	7,438			$	11,208			$	25,405			$	92,199

Home Equity		2025				2024				2023				2022				2021				Prior				Revolving				Total
Pass		$	2,162			$	3,832			$	6,576			$	1,331			$	49			$	681			$	96,160			$	110,791
Special Mention			156				—				—				—				—				—				—				156
Substandard			136				—				—				—				—				3				1,318				1,457
Doubtful			—				—				—				—				—				—				—				-
Total		$	2,454			$	3,832			$	6,576			$	1,331			$	49			$	684			$	97,478			$	112,404

Other Consumer		2025				2024				2023				2022				2021				Prior				Revolving				Total
Pass		$	7,264			$	5,196			$	5,137			$	1,239			$	679			$	—			$	2,978			$	22,493
Special Mention			31				5				—				—				—				—				1				37
Substandard			—				—				201				—				46				—				—				247
Doubtful			10				—				—				—				—				—				—				10
Total		$	7,305			$	5,201			$	5,338			$	1,239			$	725			$	—			$	2,979			$	22,787

All Loans		2025				2024				2023				2022				2021				Prior				Revolving				Total
Pass		$	88,608			$	113,502			$	108,764			$	100,721			$	43,546			$	144,328			$	123,442			$	722,911
Special Mention			305				37				—				309				38				524				355				1,568
Substandard			345				1,769				5,431				4,775				1,412				4,316				1,956				20,004
Doubtful			35				308				—				—				—				—				109				452
Total Loans		$	89,293			$	115,616			$	114,195			$	105,805			$	44,996			$	149,168			$	125,862			$	744,935
Gross charge-offs		$	4			$	285			$	310			$	127			$	137			$	—			$	986			$	1,849

Summary of Changes in the Allowance for Credit Losses

The following table outlines the changes in the allowance for credit losses by category, the allowance for loans individually and collectively evaluated, and the balances of loans individually and collectively evaluated, for the six months ended June 30, 2026:


		1-4 Family				Residential				Commercial				Other				Home				Other
		Residential				Construction				Real Estate				Commercial				Equity				Consumer				Total
										(dollars in thousands)
Allowance
Beginning balance, January 1, 2026		$	2,290			$	374			$	581			$	1,730			$	810			$	504			$	6,289
Charge-offs			(103	)			—				—				(850	)			(46	)			(34	)			(1,033	)
Recoveries			—				—				—				79				—				26				105
Provision for Credit Loss			360				1				105				228				148				123				965
Loans acquired using gross-up method			—				—				—				—				—				488				488
Reallocations			(5	)			(368	)			58				421				133				(239	)			—
Balance at end of period		$	2,542			$	7			$	744			$	1,608			$	1,045			$	868			$	6,814

Ending allowance balance for loans individually evaluated		$	554			$	—			$	—			$	—			$	448			$	—			$	1,002

Ending allowance balance for loans collectively evaluated		$	1,988			$	7			$	744			$	1,608			$	597			$	868			$	5,812

Loans Receivable
Total period-end balance		$	217,457			$	17,624			$	273,058			$	96,338			$	112,807			$	29,309			$	746,593

Balance of loans individually evaluated		$	10,808			$	—			$	1,926			$	1,031			$	742			$	—			$	14,507

Balance of loans collectively evaluated		$	206,649			$	17,624			$	271,132			$	95,307			$	112,065			$	29,309			$	732,086

The following table outlines the changes in the allowance for credit losses by category, the allowance for loans individually and collectively evaluated, and the balances of loans individually and collectively evaluated, for the year ended December 31, 2025:


		1-4 Family				Residential				Commercial				Other				Home				Other
		Residential				Construction				Real Estate				Commercial				Equity				Consumer				Total
										(dollars in thousands)
Allowance
Beginning balance, January 1, 2025		$	2,246			$	539			$	257			$	1,209			$	1,224			$	769			$	6,244
Charge-offs			(323	)			(3	)			—				(904	)			(217	)			(402	)			(1,849	)
Recoveries			4				9				—				149				—				48				210
Provision for Credit Loss			613				100				156				463				217				135				1,684
Reallocations			(250	)			(271	)			168				813				(414	)			(46	)			—
Balance at end of year		$	2,290			$	374			$	581			$	1,730			$	810			$	504			$	6,289

Ending allowance balance for loans individually evaluated		$	696			$	—			$	270			$	670			$	124			$	29			$	1,789

Ending allowance balance for loans collectively evaluated		$	1,594			$	374			$	311			$	1,060			$	686			$	475			$	4,500

Loans Receivable
Total period-end balance		$	230,743			$	38,058			$	248,744			$	92,199			$	112,404			$	22,787			$	744,935

Balance of loans individually evaluated		$	12,693			$	—			$	2,883			$	3,831			$	1,457			$	220			$	21,084

Balance of loans collectively evaluated		$	218,050			$	38,058			$	245,861			$	88,368			$	110,947			$	22,567			$	723,851

Summary of Loan Class of Past Due and Non-accrual Loans

The following tables present a summary by loan class of past due and non-accrual loans as of June 30, 2026 and December 31, 2025 (dollars in thousands):


										Greater Than																Past Due>
		30-59 Days				60-89 Days				90 Days				Total								Total				90 Days and
		Past Due				Past Due				Past Due				Past Due				Current				Loans				Accruing
June 30, 2026
1-4 family residential			—				6,094				9,542				15,636			$	201,821				217,457				—
Residential Construction			—				—				—				—			$	17,624				17,624				—
Commercial real estate			—				—				—				—			$	273,058				273,058				—
Other commercial			335				1,128				268				1,731			$	94,607				96,338				48
Home equity			1,244				421				938				2,603			$	110,204				112,807				—
Other consumer			454				10				15				479			$	28,830				29,309				7
Total		$	2,033			$	7,653			$	10,763			$	20,449			$	726,144			$	746,593			$	55


		June 30, 2026
		Nonaccrual Loans with				Nonaccrual Loans				Total Nonaccrual
		No Allowance				with an Allowance				Loans
1-4 family residential		$	6,686			$	5,525			$	12,211
Residential Construction			—				—				—
Commercial real estate			—				—				—
Other commercial			399				—				399
Home equity			664				448				1,112
Other consumer			8				—				8
Total		$	7,757			$	5,973			$	13,730


										Greater Than																Past Due>
		30-59 Days				60-89 Days				90 Days				Total								Total				90 Days and
		Past Due				Past Due				Past Due				Past Due				Current				Loans				Accruing
December 31, 2025
1-4 family residential		$	14,041			$	4,490			$	7,039			$	25,569			$	205,174			$	230,743			$	—
Residential Construction			—				—				—				—				38,058				38,058				—
Commercial real estate			65				—				1,620				1,685				247,059				248,744				31
Other commercial			651				791				1,508				2,950				89,249				92,199				—
Home equity			1,684				212				892				2,787				109,617				112,404				—
Other consumer			52				—				257				309				22,478				22,787				—
Total		$	16,493			$	5,493			$	11,316			$	33,300			$	711,635			$	744,935			$	31


		December 31, 2025
		Nonaccrual Loans with				Nonaccrual Loans				Total Nonaccrual
		No Allowance				with an Allowance				Loans
1-4 family residential		$	6,463			$	5,786			$	12,249
Residential Construction			—				—				—
Commercial real estate			—				1,620				1,620
Other commercial			777				715				1,492
Home equity			885				351				1,236
Other consumer			56				201				257
Total		$	8,181			$	8,673			$	16,854